GasBuddy has some noteworthy news for American drivers as we approach Memorial Day, especially after four tumultuous years marked by the leadership of former President Joe Biden and former Vice President Kamala Harris.
According to Vermont Biz, they predict that gas prices will hover around $3.08 per gallon this Memorial Day. This figure marks the lowest rate for this holiday since 2021. When adjusted for inflation, if this prediction holds, it would represent the most favorable pricing for consumers since 2003.
The US Energy Information Administration indicates a clear upward trajectory in gas prices that began during Bidenâs presidency.
Specifically, Memorial Day 2021 saw gas prices at $3.64, marking the initial summer of the forty-sixth presidentâs term. Fast forward to Memorial Day 2022, and prices skyrocketed to an eye-watering $5.10 per gallon.
Fortunately, gas prices appear to be stabilizing, and one can only hope that this trend continues to benefit all Americans.
In 2022, the Hoover Institution identified several contributors to the rising gas prices during Biden’s administration, such as inflationary spending and shifts in the oil market.
Bidenâs administration has often been criticized for introducing numerous obstacles that hinder American energy production.
The American Energy Alliance outlines â100 Ways Biden and the Democrats Have Made it Harder to Produce Oil & Gas,â detailing various executive actions that have compounded these challenges.
Among the most notable actions was the cancellation of the Keystone XL Pipeline, as well as the suspension of new oil and gas leases on public land.
Itâs essential to recognize that economic realities are not the domain where public officials can afford to be anything less than transparent.
Everyday Americans commute to work and fill up at the gas station.
They plan for their futures and toil in hopes of a comfortable retirement.
When they witness their money evaporating for essentials they once purchased more easily, frustration mounts.
No surprise then that Pew Research found that the economy is a top concern for Trump supporters in the upcoming 2024 election. Many feel a sense of urgency as they watch Biden deliver speeches from the Oval Office while their prospects for the American Dream seem to fade.
Trumpâs January 20th executive order, âUnleashing American Energy,â aimed to address these concerns by revoking several of his predecessorâs executive orders perceived as impediments to progress.
The left may persist in critiquing Trumpâs rhetoric, behavior, or any number of other talking points in their usual arsenal.
However, as the saying goes, âthe numbers donât lie,â and itâs these figures that resonate most with the American public.
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This article originally appeared on The Western Journal.
